Instructor
Caris Liew
Description
In this chapter you will learn how to:
- define the meaning of inflation, deflation and disinflation
- calculate the rate of inflation
- explain how changes in the price level are measured by the consumer price index
- consider the difficulties of measuring changes in the price level
- explain the difference between money values and real data
- analyse the causes and types of inflation: cost-push and demand-pull inflation
- analyse the consequences of inflation.
Curriculum
4.6.1 Definition of inflation, deflation, disinflation
4.6.2 Measurement of changes in the price level
4.6.3 Distinction between money values (nominal) and real data
4.6.4 Causes of inflation
4.6.5 Consequences of inflation: cost-push and demand-pull inflation
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